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Cable Update (GBPUSD)

  • #506,841
  • Dec 19, 2019 7:02am Dec 19, 2019 7:02am
yes, 3070 is level to watch. Above 3070 buy only. I would prefer long from here. 3070 stop.
Intraday only.
  • #506,842
  • Dec 19, 2019 7:08am Dec 19, 2019 7:08am
Quoting navk
yes, 3070 is level to watch. Above 3070 buy only. I would prefer long from here. 3070 stop.
It now 3070
PA Return Today: 0.3%
  • #506,843
  • Dec 19, 2019 7:13am Dec 19, 2019 7:13am
Quoting LeongPuiy
{quote} It now 3070
3071 for me
Intraday only.
  • #506,844
  • Dec 19, 2019 7:15am Dec 19, 2019 7:15am
hit now
Intraday only.
  • #506,845
  • Dec 19, 2019 7:17am Dec 19, 2019 7:17am
Quoting Piparins
{quote} Statistically speaking you are wrong. Price more likely will break previous day high/low...
Statistically speaking, that’s 77pips off an H4 rejection candle...I’m happy to be wrong

EDIT: Now it's 140 pips...

Guz
Attached Image (click to enlarge)
Click to Enlarge Name: B7EC34B3-FD42-4AF8-979C-6487F503217A.png Size: 191 KB
Charts don't drive price, market conditions drive price...
  • #506,846
  • Dec 19, 2019 7:20am Dec 19, 2019 7:20am
Quoting LeongPuiy
{quote} It now 3070
3042 is strong support
should be a bounce here
below that: 30 pip drop
in wondering about yourself, you forgot what you came here to be part of
  • #506,847
  • Dec 19, 2019 7:24am Dec 19, 2019 7:24am
Quoting knkie
{quote} 3042 is strong support should be a bounce here below that: 30 pip drop
The news just now kind of dovish comment,
miss enter the spike again when it try daily high
now watching and wait market calm down
Early short at LO already collect all at 308X and 306X
now waiting new entry
PA Return Today: 0.3%
  • #506,848
  • Edited 7:51am Dec 19, 2019 7:25am | Edited 7:51am
[quote=knkie;12670370]{quote} HAHAHAHAA i dont think you know what statistics mean. "price is likely to break a Hi OR a lo" ahem yes try choosing a side, then we can talk probabilities.
Attached Image (click to enlarge)
Click to Enlarge Name: GU12.19.30M.png Size: 98 KB

knkie, @Piparins has a very valid point supported by statistics...
Edit: updated chart...
Attached Image (click to enlarge)
Click to Enlarge Name: GU12.19.30M.b.png Size: 92 KB
Always trade your own plan...I don't provide trading signals.
  • #506,849
  • Dec 19, 2019 7:28am Dec 19, 2019 7:28am
Quoting Guztro
{quote} Statistically speaking, that’s 77pips off an H4 rejection candle...I’m happy to be wrong EDIT: Now it's 140 pips... Guz {image}

If it works for you- cool beans!
  • #506,850
  • Dec 19, 2019 7:29am Dec 19, 2019 7:29am
Quoting knkie
{quote} 3042 is strong support should be a bounce here below that: 30 pip drop
It break now, only can wait for some retrace
PA Return Today: 0.3%
  • #506,851
  • Dec 19, 2019 7:30am Dec 19, 2019 7:30am
Quoting Coreg2004
{quote} knkie, @Piparins has a very valid point supported by statistics... {image}
I have a suspicion he knows better, no point arguing...
  • #506,852
  • Dec 19, 2019 7:39am Dec 19, 2019 7:39am
Quoting Coreg2004
{quote} knkie, @Piparins has a very valid point supported by statistics... {image}
probability and statistics are not the same.
saying price will Break a Hi or Lo is just saying anything can happen.
Drawing trendlines is extremely subjective.
The only thing about trendlines that is statistically significant is that everyone will draw it differently.
in wondering about yourself, you forgot what you came here to be part of
  • #506,853
  • Dec 19, 2019 7:40am Dec 19, 2019 7:40am
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-12-19 15.39.55_1.jpg Size: 131 KB
yes yes yes
  • #506,854
  • Dec 19, 2019 7:42am Dec 19, 2019 7:42am
ok.. we going down 1.2930 now
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-12-17_223639.png Size: 9 KB
  • #506,855
  • Dec 19, 2019 7:45am Dec 19, 2019 7:45am
Quoting Piparins
{quote} If it works for you- cool beans!
When price action fails, I look at candle formation on the lower time frames...it's always worked for me. Each to his own.

Trade safe
Guz
Charts don't drive price, market conditions drive price...
  • #506,856
  • Dec 19, 2019 7:47am Dec 19, 2019 7:47am
Attached Image (click to enlarge)
Click to Enlarge Name: TradeStation Forex.png Size: 202 KB




I found this Hourly Bias analysis on GbpUsd. I think it's interesting: https://financestrategysystem.com/ho...ias-indicator/
  • #506,857
  • Dec 19, 2019 7:51am Dec 19, 2019 7:51am
75/80 intermediate area of res...lets see if we can reach it before the next move. As long as above 1.3030 move down is contained for now
COT: The precious data ignored
  • #506,858
  • Dec 19, 2019 8:06am Dec 19, 2019 8:06am
will it retest 1.3078 watching only
  • #506,859
  • Dec 19, 2019 8:08am Dec 19, 2019 8:08am
Quoting Tekin
will it retest 1.3078 watching only
Still hard to going up....
  • #506,860
  • Dec 19, 2019 8:10am Dec 19, 2019 8:10am
Quoting knkie
{quote} probability and statistics are not the same. saying price will Break a Hi or Lo is just saying anything can happen. Drawing trendlines is extremely subjective. The only thing about trendlines that is statistically significant is that everyone will draw it differently.
Subjectivity is the very essence of charting.
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